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National Cinemedia, Screenvision Put On Credit Watch Negative By S&P Global – Deadline

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S&P Global struck again at the showbiz sector, this time at distressed cinema advertising, putting National Cinemedia and Screenvision on credit watch negative as movie theaters are shuttered and advertising at risk.

Ratings agencies like S&P Global, Moody’s and Fitch can be quiet for years and are rarely public facing – but they emerge in force during financial crises like the one the world is suffering now thanks to the coronavirus spread. Their ratings indicate how creditworthy a company is, how likely it is to default, and the odds of lenders getting paid back. Companies with high debt and debt payments due are particularly vulnerable to economic shocks since they might lack cash in a crisis to meet payments, triggering default. A bad credit rating makes it much more expensive for a company to borrow money. Companies can often renegotiate with current lenders for extensions or better terms. But a bad credit rating makes it much more expensive for a company to borrow money.

On NationalCinemedia, S&P said theater attendance will decline significantly in 2020 as movie releases are delayed and theaters are closed due to the coronavirus, Its CreditWatch placement “reflects expectation that the spread of the coronavirus will hurt theater attendance over the next few months due to closures and limitations on the size of public gatherings. At the same time, we expect declines in consumer spending stemming from the spread of the virus to cause declines in national advertising spending. We believe this combination will result in significantly lower EBITDA and cash flow in 2020 for National Cinemedia, which is paid by advertisers based on the number of impressions they can deliver.”

The ratings agency has pretty much the same judgement on Screenvision.

Screenvision is majority-owned by Boston-based private equity firm Abry Partners. Publicly traded National Cinemedia is a venture between AMC Entertainment and Regal (a subsidiary of U.K.theater chain Cineworld).

S&P isn’t downgrading the companies’ credit ratings just yet but monitoring them closely. It said it will refine its decision as it gets “additional information on the length of theater closures, potential updates to the film release slate, and the effects on national advertising spending related to the coronavirus. We also plan to continue discussions with management to monitor the severity of the impact and what mechanisms it’s using to offset the negative impact of the pandemic on the company’s liquidity.”



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Facts Every Applicant Needs to Know – The Black Chronicle

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Army veterans have some glorious choices in relation to their looking for a mortgage to purchase a house. Even when the veteran has a poor credit score document, there are nonetheless choices. For one, getting a VA dwelling mortgage with a bad credit score is thought to be essentially the most accessible choice.

That is definitely true, with the Division of Veteran Affairs (the VA) basically guaranteeing a share of the mortgage loan utilized for, enormously serving to to safe approval regardless of a bad credit score. However there are components that anybody contemplating making use of for these loans ought to concentrate on.

Traditionally, these VA dwelling loans solely took place on account of the 1944 GI Invoice, which was launched to assist conflict veterans settle again into civilian life. By the VA guaranteeing these mortgages, veterans had a greater likelihood of getting their very own dwelling. However there are nonetheless standards for candidates to fulfill.

The Worth of a VA Assure

The largest drawback for mortgage candidates is convincing lenders that they may get their a refund. Even when looking for a VA dwelling mortgage with a bad credit score, the lender must know that the borrower could be trusted to make the repayments that must be made. Since VA loans include a assure, that safety is supplied.

Unsurprisingly, the backing of the VA is a large increase to anybody seeking to safe approval regardless of a bad credit score. And for the debtors, a assure from the VA additionally removes the necessity for a big down cost, and usually signifies that the rate of interest charged is decrease.

However the VA shouldn’t be keen to ensure 100% of the sum being borrowed – actually, it solely covers 25% of the worth of the house. So, whereas the curiosity on a VA dwelling mortgage is decrease, and a down cost is often not wanted, there’s nonetheless 75% of the sum borrowed that’s not assured.

Qualifying For A VA Mortgage

Since a VA mortgage is reserved for navy veterans, qualifying for a VA dwelling mortgage with a bad credit score depends on assembly some strict standards. In fact, there are fundamental situations to satisfy too, like age and nationality, however the VA want affirmation of navy rank and deployment historical past earlier than they’re keen to ensure the mortgage.

There are monetary situations too. For instance, candidates can’t have defaulted on a mortgage with any lenders inside the earlier 12 months, and can’t have been declared bankrupt at any time inside the earlier 24 months. In spite of everything, lenders are solely keen to grant approval regardless of a bad credit score if they are often certain repayments shall be made.

One other situation to fulfill earlier than qualifying for a VA dwelling mortgage embody proving they’ve full gainful employment. As with every different mortgage, repayments need to be revamped many years, so monetary safety is essential.

Put together Your Software Correctly

Lastly, it’s tempting to consider that it’s straightforward to get a VA dwelling mortgage with a bad credit score, however the reality is that there isn’t a assure that approval shall be given. Many navy veterans are rejected as a result of their software was deemed unconvincing.

Keep in mind that the VA solely agrees to ensure a 25% share of the mortgage after the lender has authorised the appliance. The precise software is submitted to the lender, so securing approval regardless of a bad credit score relies on their evaluation.

There are methods to enhance a credit score rating, and so decrease rates of interest, like utilizing a consolidating mortgage to clear present loans in a single go. When an effort is made, a lender is extra comfy granting a VA dwelling mortgage.

Source by Donna N Hammond



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A principal learned one student’s family is getting evicted. Now she’s working to find them a home

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CAPE CORAL — A school principal is working this holiday season to find a home for some of her students.

Shelly Homan posted a plea to Facebook after she learned one of her students’ families was being evicted with nowhere to go. Homan is the Principal here at Heritage Charter Academy. She was helping families in need by telling them about the turkey giveaway sponsored by Cape Coral Police, when she met Vincent Ponzo’s grandchildren.

“When I asked them about the Thanksgiving dinner that the police department was giving away, I found out that they were also going to be homeless,” said Homan.

Ponzo has been looking for a new home for months, but he has bad credit, and doesn’t have enough saved for first and last month’s rent plus a security deposit.

“We’re just running out of time and options at this point, and we’re not bad people. We work hard. I’m the general manager at a restaurant, my wife works for Instacart. My daughter is trying to raise her three kids in our home,” said Ponzo.

So Homan posted an SOS on Facebook, looking for a landlord willing to rent to them. It got a lot of attention.

“Shelly called me, and I was like what did you do? And she was, oh I just put a post out, and next thing you know I’m getting all this feedback from it,” said Ponzo.

“My focus is that the kids are in a home for the holidays. So whatever, whatever I have to do to reach out. The worst people can say is no I can’t help,” said Homan.

But Homan said people have already reached out trying to help. Ponzo said he hopes he can find a home soon, but he also said his story is just one of many this holiday season.

“This takes a lot for me to stand in front of everybody and go this is what’s going on, but if I don’t do it, maybe some other guy wishes somebody did that’s about to get kicked out of his house because he’s going through the same thing or worse,” said Ponzo.

If you are interested in helping Ponzo and his family, you can call the Heritage Charter Academy at (239) 223-7530.



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Savvy Group Real Estate Partners With Frazier Credit Services to Make Property Purchase in Columbus, Ohio Available to All – Press Release

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Savvy Group Real Estate Partners With Frazier Credit Services to Make Property Purchase in Columbus, Ohio Available to All

“”It’s always a special moment for me when I see a first-time buyer go from the stage of building credit to closing on their first home. It’s always tears of joy at closing. I believe that this collaboration will do so much good for those potential buyers who are ready to work on their goals with a knowledgeable team who wants to see them win!”
-Jay Carter, Realtor”

November 26, 2020 – Thanks to the partnership between The Savvy Group Real Estate and Frazier Credit Services, home purchase around Columbus Ohio will now be possible irrespective of a client’s credit score. The new partnership will ensure that potential buyers who are struggling with their credit scores can take advantage of Frazier Credit Services to secure loans loan approval within 6 months. Together, both companies will work towards a common goal of helping people realize their dreams of owning a new home.

Securing loans for the purpose of purchasing a home can be tough on people with poor credit. Financial institutions and banks are unlikely to sanction such loans due to  the risks associated with bad credit ratings. It gets tougher; typical credit building takes time and loansharks are widely regarded as trouble. Private lenders are not the best either, they offer ridiculous rates and are often shady in their deals.

In a bid to support its own clients, The Savvy Group Real Estate has taken the pains of vetting and endorsing Frazier Credit Services. They are adept at credit repair and are willing to work with prospective home buyers from The Savvy Group Real Estate. In just six months, prospective homebuyers in Columbus, Ohio will learn how to build up their credits and become eligible for loan approval.

The collaboration between Frazier Credit Services and The Savvy Group Real Estate will effectively be turning dreams into reality.  While Frazier Credit Services will work towards faster credit building and credit repair to gain loan approvals for clients in six months, The Savvy Group Real Estate will guide them through a first-time buyer program and help them understand how financial challenges can be circumvented during purchase despite their poor credit. Speaking about the collaboration, realtor, and owner of The Savvy Group, Jay Carter says, “It’s always a special moment for me when I see a first-time buyer go from the stage of building credit to closing on their first home. It’s always tears of joy at closing. I believe that this collaboration will do so much good for those potential buyers who are ready to work on their goals with a knowledgeable team who wants to see them win!”

The Savvy Group Real Estate is affiliated with Red 1 Realty, and was established by Ace Realtor Jay Carter who specializes in new construction, first-time homebuyers, home sales and educating clients on how to generate funding for real estate transactions. On the flip side, Frazier Credit Services is a renowned credit repair company with an excellent track record of credit building within 4 to 6 months.  The collaboration between the two companies will now open up opportunities in domestic real estate and transform potential home buyers into homeowners in Columbus, Ohio.

For more information: use the websites: https://linktr.ee/realestatebyjay, http://fcs.credit/

Jay Carter
The Savvy Group Real Estate
Columbus Ohio
Website: www.savvygrouprealestate.com

and,

Ciera Frazier
Frazier Credit Services
Columbus Ohio
Website: www.fcs.credit

Media Contact
Company Name: The Savvy Group Real Estate
Contact Person: Jay Carter
Email: Send Email
City: Columbus
State: OH
Country: United States
Website: www.savvygrouprealestate.com



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